Rental market snapshot for Orem, Utah

Orem, Utah Rental Property Market Overview

The average rent for an apartment in Orem is $1,546. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has increased by 1.9% over the past year.

Orem is a city located in the state of Utah. As of the 2010 census, the population was 88,328. The city is the county seat of Utah County and is the largest city in the county. Orem is a part of the Provo-Orem, Utah Metropolitan Statistical Area, which includes all of Utah and Juab counties. The city is located on the shore of Utah Lake and is adjacent to Provo, Lindon, and Vineyard.

Last Updated December 23, 2022

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Average monthly rent graph in Orem Utah | Cost of Living

  • The most expensive ZIP Code in Orem is 84058 with an average price of $1,566
  • The cheapest ZIP Code in Orem is 84097 with an average price of $900

Orem ZIP Codes with the highest, most expensive rent

#zip codeaverage rent
184058$1,566
284097$1,509
384057$1,499

Live near Orem, Utah's Top Sights and Attractions

Park Place is a large, open park with a playground, a pond, and a walking path. The park is surrounded by trees and has a large grassy area.

Community Park Northwest Pavilion is a beautiful park that offers a variety of activities for the whole family. There are plenty of picnic tables and grills for a family cookout, a playground for the kids, and a basketball court for the athletes. The pavilion also has a large open field perfect for flying a kite or playing catch.

Cascade Park is a beautiful park located in the heart of Orem. The park features a large waterfall that cascades down a rocky cliff into a pool of water below. The park also has a playground, picnic areas, and a walking trail.

Scera Park is a beautiful park with a lot of trees, a big pond, and a playground.

Kwanzen Community Park is a beautiful park located in the heart of Orem. The park features a large pond, walking trails, and a playground.

City Park is a large park located in the center of Orem. The park features a playground, a basketball court, a picnic area, and a pond.

Windsor Park is a beautiful park that offers many amenities for its visitors. It has a playground, a pavilion, a walking path, and a pond. The pond is stocked with fish, and there are ducks that live in the park.

The Woodbury Art Museum is a small art museum located on the campus of Utah Valley University. The museum features a variety of rotating exhibitions of contemporary art, as well as a permanent collection of works by Utah artists. The museum is free to the public and is open Tuesday through Saturday.

Orem, Utah area median rent change by ZIP Code map

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How does Orem compare to other cities in Utah ?

citymedian price
Clinton$2,250
Orem$1,789
Sandy$1,795
Clearfield$1,700
Lake$1,395
Pleasant Grove$1,745
Park City$3,750

Average household income in Orem area graph - US Census

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The median household income in Orem in 2021 was $65,622. This represents a 24.5% change from 2011 when the median was $52,703.

#categorypercent
0Less than $10,0003.9%
1$10,000 to $14,9992.1%
2$15,000 to $19,9993.5%
3$20,000 to $24,9994.7%
4$25,000 to $29,9994.1%
5$30,000 to $34,9994.3%
6$35,000 to $39,9994.0%
7$40,000 to $44,9994.9%
8$45,000 to $49,9994.5%
9$50,000 to $59,9999.4%
10$60,000 to $74,99911.6%
11$75,000 to $99,99914.3%
12$100,000 to $124,9999.3%
13$125,000 to $149,9996.8%
14$150,000 to $199,9996.7%
15$200,000 or more5.8%

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Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.
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